News Coverage

News Coverage

Apr 15, 2020
  • Covid-19 represents an enormous opportunity to “serve the people.” There is no doubt that the Chinese public is turning to online health care in a big way in the midst of crisis.
  • On March 2, the National Healthcare Security Administration and National Health Commission jointly released guidance on the promotion of “Internet plus” medical insurance services during the prevention and control of Covid-19, promoting the reimbursement of qualified online medical consultations services of common diseases and chronic diseases and e-prescription filings for re-visiting patients.
  • Online health care offers a transformational means of bridging the gap between the higher standards now common in Chinese cities and substandard primary care especially in rural areas. The Covid-19 public health crisis has given us a chance to demonstrate to both policymakers and the public just how well we can fill the gap.
     
Mar 21, 2020
  • When epidemiologists were still struggling to find the cause and transmission path of the coronavirus, Chinese authorities resorted to the most primitive way to block its spread, locking an estimated 50 million people under quarantine
  • Now, as the focus of the global pandemic shifts offshore from mainland China, the country’s technology companies are using their participation in the world’s largest health crisis to turbocharge the deployment of so-called HealthTech solutions
     
Mar 16, 2020
  •  As the COVID-19 continues to spread globally, Chinese stocks have become safe haven assets in the eyes of many global institutional investors.
  • 111 recorded revenue of RMB3.95 billion in 2019, representing 4.12 times as much as 2017 revenue. Revenue growth was 141.8% in the fourth quarter of 2019, up from an increase of 98.5% in the first quarter of last year.
  • “The ongoing global spread of the COVID-19 has driven greater interest from Wall Street to include stocks of online medical consultations and Internet-based pharmaceutical and healthcare services in their portfolios. US-listed Chinese companies with a closed loop of "diagnosis + medication + payment" healthcare services are especially favored, connecting hospitals, clinics, pharmacies, patients, doctors and insurance,” Dr. Yu Gang, Co-Founder and Executive Chairman of 111, told the reporter.
  • 111 has grown to be the world’s largest virtual pharmacy network with nationwide, omni-channel coverage of Internet healthcare services. Currently, 111 is serving more than 235,000 partner pharmacies across the country with smart drug sourcing services.  
  • 111 is committed to transforming the way people access pharmaceutical and healthcare services. Powered by technology, 111 enables a radical transformation of offline bricks-and-mortar pharmacies by integrating them into online to offline networks based on its cloud-based solutions, such as:Cloud Pharmacy Service, Cloud Clinic Service and Cloud Inventory Service. 
  • According to Dr. Yu, while continuing to expand market share in the first- and second-tier cities, 111 is also focusing on the integration of pharmacies in third- to sixth-tier cities by helping them to improve services and connect to a greater number of pharmaceutical suppliers and hospitals, in order to improve access for local consumers. 
Mar 06, 2020
  • The latest China Logistics Prosperity index released this week showed the key business volume component dropped to a record low of 26.2 in February, down from 49.9 in January.
  • The recovery of production-related logistics is relatively “weaker” due to its more spread-out nature, Gao Gao, deputy secretary general of the National Development and Reform Commission, said Friday at a press conference.
  • However, the general expectation is that operations at these warehouse and logistics businesses should be closer to normal in the next few weeks.
May 21, 2019

Dr. Gang Yu joins Oanh Ha and Doug Krizner on Daybreak Asia. He discusses what he sees as being wrong with China's healthcare system, the services they offer, and what changing regulations means for them.